Property Overview: 374 Matheson Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home on Matheson Avenue in the Jefferson area stands out for its substantial size and modern updates within a well-established neighbourhood. Its primary appeal lies in offering significantly more living space than most local homes, featuring 2,520 sqft of living area—more than double the average for Jefferson—along with a renovated basement. The detached garage and a standard city lot round out the practical features.
The home’s strongest suit is its elite standing in the immediate area. It ranks in the top 1% of homes on Matheson Avenue for both living area and assessed value, indicating it is a notably larger and more valuable property among its direct peers. While its 1962 build date is newer than many neighbouring houses, the interior updates suggest a blend of classic neighbourhood character with contemporary living space.
This property would best suit buyers looking for a "larger than average" family home in a mature neighbourhood without needing a sprawling lot. It’s ideal for those who prioritize generous indoor space, recent renovations, and a strong value position on their street over a brand-new build or extensive outdoor space. It also represents a solid opportunity for someone seeking a home that already outperforms most in its core locale on key metrics.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home is currently assessed at $460k. The last recorded sale was in April 2019 for a price range estimated between $355k and $385k, indicating significant appreciation in assessed value since that time.
2. Is the lot size typical for the area?
Yes. The land area of 4,749 sqft is very close to the average for both Matheson Avenue and the wider Jefferson area, making it a standard city lot.
3. What does "top 1% for living area" actually mean?
This statistic means that, compared to all other homes on Matheson Avenue, this house has more living space than 99% of them. It is the 4th largest out of 281 homes on the street.
4. The home was built in 1962. Is that a concern?
Not necessarily. While not new, it is actually newer than the average home on its street (avg. 1939) and in Jefferson (avg. 1948). The renovated basement also points to important updates having been made.
5. Why is the citywide ranking for value lower than the street ranking?
While the home is in the top 1% for value on its own street, it ranks in the top 27% citywide. This is common and highlights that value is often hyper-local. It means the home is above average in value across all of Winnipeg, but its premium is most pronounced within its immediate neighbourhood context.